Overview of ARK 21Shares Blockchain and Digital Economy Innovation ETF
ARK 21Shares Blockchain and Digital Economy Innovation ETF (ARKD) is one of the first actively managed exchange-traded funds (ETF) to invest in digital asset futures (bitcoin and ether) and public equities of companies engaged in the blockchain industry and digital economy. This provides a comprehensive exposure to the growth of blockchain technology.
Investment Objective and Fund Strategy
The Fund aims for capital appreciation and achieves this by investing in bitcoin futures and public equities of companies in the blockchain industry and digital economy. By combining these diverse assets, ARKD offers a holistic approach to market entry with actively managed allocations to enhance performance.
Benefits of Investing in ARKD
ARKD presents significant growth potential by enabling strategic long-term holdings in bitcoin, the largest digital asset by market cap. With an established user base and ample liquidity, ARKD offers an avenue for investors to tap into this growing market. Additionally, ARKD's quality-driven approach, diversified holdings, and flexibility make it a solid choice for growth-oriented investors looking to capitalize on the expanding digital asset ecosystem.
Fund Details and Performance Metrics
With the name ARK 21Shares Blockchain and Digital Economy Innovation ETF, this fund commenced on Nov 15, 2023. Operated by Empowered Funds, LLC dba ETF Architect, ARKD aims to capitalize on the blockchain industry's growth potential. The fund's current Net Asset Value stands at $40.09, with an expense ratio of 0.90%. Performance data indicates a YTD return of -17.61%, reflecting the Fund's exposure to digital assets and its dynamic investment strategy.
Market Insights and Historical Data
Using market data provided by Alpha Vantage and CryptoCompare, ARKD's performance shows fluctuations in NAV and market price. Past performance indicates a trend of growth and volatility, highlighting the dynamic nature of investing in digital assets. The Fund's premium/discount history showcases the variations in market price compared to NAV, offering insights into market sentiment and investor behavior.
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